Reply to Are these H St. NE / Capitol Hill houses priced appropriately?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]That house on the dreaded H and 8th block finally sold - https://www.redfin.com/DC/Washington/825-8th-St-NE-20002/home/9902379?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&riftinfo=ZXY9ZW1haWwmbD0yNTgxMzk4JnA9bGlzdGluZ191cGRhdGVzX2RhaWx5XzI0JmE9Y2xpY2smcz1mYXZvcml0ZXMmdD1hZGRyZXNzJmVtYWlsX2lkPTI1ODEzOThfMTYwNTk1MzUwNV8xNCZ1cGRhdGVfdHlwZT03Jmxpc3RpbmdfaWQ9MTIxNjgxOTA0JnByb3BlcnR5X2lkPTk5MDIzNzkmcG9zaXRpb25fbnVtYmVyPTE0[/quote]

[b]Listed, price change, pending/contingent, then pending/contingent again, then sold for $75k under asking (and $100k under original list)[/b]. Though it only took 4 months, which is better than other listings on that strip have done. Seller must have been very motivated.

I am extremely glad I don't own a place on that block.[/quote]

There's a mean girls tendency on this thread to somehow equate a house that went contingent and back on market with spoiled goods. There are lots of reasons a contract would kick out, and many of them don't mean what the mean girls think it means. There's also a pervasive thread on this thread where people view a house that sells for less than list as a failure. Particularly with regard to houses for which there aren't great comps in the immediate area, the seller is playing a guessing game. In the grand scheme of a house at 1.1-1.3, $25k is very little.

Posts like this seem like little more than confirmation bias personified. [/quote]

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